Macro Finance
Euro Bearish Bias Persists in Options and Charts Before ECB
Bloomberg Markets·October 29, 2026·1 min read
The euro is trading near its weakest level since May 2025 ahead of the European Central Bank's rate meeting Thursday. Options and technical chart signals show a persistent bearish bias, with market positioning suggesting the currency faces further downside risk if the ECB signals accommodative monetary policy. Traders are watching for guidance on future rate paths.
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